Nov 15, 2017 | Exclusion of Taxable Gain, Insurance
The answer to this and most tax questions is: It depends. There is a potential for the insurance payments to be taxable and it depends on the facts and circumstances of each case. Casualty Loss: If a Home Owner was uninsured (or under-insured) and lost their house,...
Oct 31, 2017 | Retirement Funds
If you have a retirement plan through your employer you may be able to get access to that money to pay some of your bills associated with the California wildfires. If you have a retirement plan through your employer (e.g. 401(k) or 403(b)), usually you cannot withdraw...
Oct 27, 2017 | Payroll tax
The 3rd quarter payroll reports are due on Tuesday October 31st — this includes Federal Form 941 and California Forms DE9 and DE9C. If you were not able to file the reports on time due to the North Bay Fires, you have additional time to file these reports IRS...
Oct 17, 2017 | CDTFA, Sales Tax
If you are a business owner or fee payer who is directly affected by a disaster declared as a CA state of emergency, you may be eligible for relief of tax return due dates, interest and penalties administered by the California Department of Tax and Fee Administration...